• 556 days Will The ECB Continue To Hike Rates?
  • 556 days Forbes: Aramco Remains Largest Company In The Middle East
  • 558 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 958 days Could Crypto Overtake Traditional Investment?
  • 962 days Americans Still Quitting Jobs At Record Pace
  • 964 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 967 days Is The Dollar Too Strong?
  • 968 days Big Tech Disappoints Investors on Earnings Calls
  • 969 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 970 days China Is Quietly Trying To Distance Itself From Russia
  • 971 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 975 days Crypto Investors Won Big In 2021
  • 975 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 976 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 978 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 978 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 982 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 982 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 983 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 985 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis of APPLE (AAPL)

With a 5 wave looking advance from 138.57, there are now enough gyrations to suggest that wave [v] could be completed, a strong reversal back below 142.00 is needed to support further downside, although if a peak is in place for wave [v], we need to see a strong break back under 138.57 to confirm wave [v] is completed, as a 3 wave pullback that stays above 140.00, likely favors further upside for wave [v], but I am counting the idea as a completed move for wave [v], so a strong reversal under 142.00, then 140.00 is the preferred route.

Target 130.00-126.00.

Apple 4-Hour Chart
Larger Image

Apple Daily Chart
Larger Image

AAPL & the NDX are pretty much locked in sync with each other, so if AAPL rolls over I am expecting the NDX to follow.

Apple and NDX Charts
Larger Image

 

Back to homepage

Leave a comment

Leave a comment